Lock In Your Below Market Rate (30 Year Fixed)
BEFORE You Build!

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For a limited time, you can lock in your below market rate on a 30 Year Fixed Mortgage before you build!*

Offer valid for all Purchase Agreements signed by October 31, 2022.

Call 513-494-6805, fill out the form below, or e-mail Amy Noel O'Connell today for details!

 

STEP 1 - Pick out your floorplan, elevation and homesite

STEP 2 - Finalize and sign your Purchase Agreement with 2.5% Deposit

STEP 3 - Our Preferred Lenders go to work - locking in your below market rate on a 30-year fixed loan UP FRONT - before construction even begins!

STEP 4 - You close on your construction loan

STEP 5 - Monarch Homes builds your dream home!

STEP 6 - You get the keys to your brand new dream home and our preferred lender converts your construction loan to a 30 year fixed mortgage at your original locked-in rate!

Example Scenario:

1115 Silversmith Way, Lebanon, Ohio - Portland with Craftsman Elevation (Contract to Build)

-3 Bedroom, 2 Bath Home

-Open kitchen with granite countertops

-Solid surface flooring throughout first floor

-Quartz Vanity Tops

-Full, unfinished basement

-9’ ceilings on first floor

-covered front porch

-Stainless steel appliances

-Craftsman Elevation with Stone Accents

Total Purchase Price: $358,515

Market Rate as of 10/4/2022: 6.5%

Below Market Rate Offered Through Preferred Lender: 5.5%

10% Down Payment at Closing

Estimated Monthly Payment (30-year fixed mortgage): $2,382

 

(assumes real estate taxes at 1.5% of purchase price and $100 per month insurance - no PMI)

At Reveres Run and Oakwood Park, Monarch Homes will credit 2.5% of the purchase price back to the buyer to cover construction interest throughout the build process. Also, deposit is 2.5% instead of 5%, which will free up available cash to Buyer to make interest payments during construction loan period.

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*This offer is valid only at select communities. This offer is not valid for Market Homes. Restrictions apply. Rates and offer details are subject to change without notice. Contact New Home Consultant for details.